Business News | Feb 05, 2007

Forbes names Color Kinetics among 25 fastest growing tech companies for second consecutive year

Boston, Massachusetts USA-- Color Kinetics Incorporated, a leading innovator of LED lighting systems and technologies, today announced its inclusion among Forbes' annual list of the country's 25 fastest growing technology companies.

The winners represent the top performers among 2,200 public U.S. tech stocks, and Color Kinetics was one of just 11 to land the distinction for the second consecutive year.

"This achievement marks the perfect start to our 10th year in business, highlighting our ability to sustain growth while investing back in the key areas of technology innovation, product development, OEM and licensing programs, marketing and salesforce expansion to remain a recognized leader in LED lighting," said Bill Sims, President and CEO, Color Kinetics.

"Ten years ago, it may have been unthinkable for a lighting company to appear on a list of top performers in the technology sector, but we've shown that there's more to our industry than bulbs and fixtures. We believe that LEDs will profoundly shape the future of light -- not only in the way that it's controlled and applied, but in mitigating strain on our energy resources and environment. The technologies and intellectual property at the core of our business will continue to help guide this exciting transformation," said Sims.

Color Kinetics ranked #22 on the list with 35% EPS growth -- the fourth highest rate among the winners -- and 32% growth in five-year sales.

To qualify for the list, companies must have at least $25 million in sales, 10% annual sales growth for five consecutive years, profitability over the past 12 months, and 10% estimated annual profit growth for the next three to five years.

The complete list appears in the February 12 issue of Forbes and is accessible at www.forbes.com

About Color Kinetics
Color Kinetics Incorporated (Nasdaq: CLRK - News) transforms environments through new, dynamic uses of light. Its award-winning lighting systems and technologies apply the benefits of LEDs as a highly efficient, long lasting, environmentally friendly, and inherently digital source of illumination -- reinventing light itself as a highly controllable medium. Color Kinetics also enables widespread adoption of LED lighting through OEM and licensing partnerships in diverse markets. The company is headquartered in Boston, MA with offices in the UK and China. More information is available at http://www.colorkinetics.com.

Add comment

You can add a comment by filling out the form below. Plain text formatting. Comments are moderated.

Question: What is 1 + 4 ?
Your answer:
FEATURED

Cree Launches Industry’s Highest Efficacy 90 CRI COB LEDs

Cree Launches Industry’s Highest Efficacy 90 CRI COB LEDs Cree, Inc. announces the XLamp® eTone™ LEDs, a breakthrough set of chip-on-board (COB) LEDs that delivers beautiful 90 color rendering index (CRI) light quality at the same efficacy as today’s standard 80 CRI LEDs. Delivering up to 155 lumens per watt (LPW) at 3000 K CCT, 85°C, Cree’s new eTone COB ... Read more »

FEATURED

Luminus Gen 4 COBs: 70W CMH Spots Finally Meet Their Match

Luminus Gen 4 COBs: 70W CMH Spots Finally Meet Their Match Luminus Devices latest, fourth generation chip-on-board LED technology (Gen 4) will open new opportunities in retail lighting and a wide range of indoor and outdoor lighting applications. Luminus Gen 4 COB technology combines significant improvements in efficacy, flux density, high maximum drive ... Read more »

EDITORIAL

High Conductive Foils Enabling Large Area Lighting

High Conductive Foils Enabling Large Area Lighting Fraunhofer Institute for Organic Electronics, Electron Beam and Plasma Technology FEP as one of the leading partners for research and development for surface technologies and organic electronics and Sefar AG, a leading manufacturer of precision fabrics from monofilaments, developed a roll-to-roll ... Read more »

page_peel